The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-08-24
CONDITION OF THE MARKETS
The Cold Wave Causes a Bullish Feeling
in Corn, but Prices Do Not Advance.
Wheat Very Dull, with Small Transactions at
Practically Unchanged Figures-0ats
Quiet and Dull-PrOvisiOns Stronger.
MONEY, BONDS AND STOCKS.

r,epression in the Forenoon KS followed by an
Advance and n Doll but Firm Closing.
NEW YORK. Aug. 23-Money on call was easy
ut 4 to per cent, the last loan being made at 6.
closing offered at T.
Prime mercantile paper, 81 a per cent
Sterling exchange was dull at 81 S0a for sixty
day bills, and 81. SO for demand
The total sales Of stocks to-day were 21O,669
shares, including the following: Delaware,
Lackavanna & Western, 1920 Erie, 6.O6l;
Lake Shore, 1880; Missouri Pacific. 4,4lO;
Northwestern, $685. New Jersey Central 1850;
Northern Pacific, $50; Northern Pacific, pre-
ferred. 1870; Oregon q Transcontinentai'
6,26O; Pacific Mail, !. 100; Reading, 1885, ST.
Paul, %, $40; Union Pacific, 6,lOo Western
Union. It, 6J5
The movement in the stock market to-day
closely resembled that Of yesterday, but the de-
cliner were not go extensive, while the rally was
much stronger and most stocks ended the day
with'a small net gain. There was dearth OF
news. but the dividend on Pacific Mail ana the
rumor of a surprise in Western Union were OF
considerable in main taning prices Ihere
was a tendency, also, 10 LOOK upon the Iavoraole
side regards the action OF the secretary OF
the Treasury to. morrow. The bears" however,
quickly got TO work, and meeting with no op-
position beyond the legitimate demand
for stocks. experienced no dif1cuify In
depressing values. although they were not SO sue
cessful in dislodging ''long" stocks as they have
been Of late. When this movement exhausted
itself vigorous buying set in, IN which the buy
FRS of the forenoon prominent, and In al
most every thing tho early losses were more than
regnined. Attention was concentrated upon
Bome half-dozen stocks, while the remain
der were stagnant Northern Pacific. the coal
stocks aud Missouri Pacific led the decline,
while New England and Union Pacific we're
strongest among the active list The first sales
were made at irregular changes of small trac-
tions from yesterdays final prices. and the mar
ker was quiet, with four or five stocks monopo-
lizing the business After little hesitation
prices advanced fractions. but again
receded with more animation, and the
market was carried below the OPP
ening New England and ST. Paul being
first in the rise, and Northern Pacific preferred.
Pacific Mail and the coalers in the decline.
There was a more decided break after noon
when Western Union joined the weak stocks
The lowest figures weregenerally reached short
" after l r. NJ, when the rally became general,
and a sharp upward movement resulted In New
England taking the lead. The advance was
checked only with the close Of business, which
was dull aud firm at about opening figures. The
great majority of the active list is small frac-
tons higher to- light, while Pacific Mail is up 15c
The railroad bond market was, as usual, dull,
and prices were in the main weak, though few
decided changes in quotations were recorded
The sales Of ALI issues $3.50, 900, with no
special activity in any OF the list, and the trad
ing was marked by no feature whatever.
Government bonds were duller but firm
State bonds were dull and steady. Closing
quotations